University-industry collaboration has gained increased attention in recent years. The literature has illustrated motivation and benefits of collaboration, types of interactions, barriers to establishing and sustaining successful collaboration, and measures to improving it. However, there remains considerable scope for further improving the effectiveness of such collaborations. This paper presents the results of a workshop of industry practitioners and university researchers working in the area of software development within the Australian Capital Territory (ACT). This workshop aimed to understand the current state of university-industry collaboration and to identify the measures that can be adopted to bridge the gap between university and industry. Our results, while confirming the previous work, provide some additional insight into the barriers to university-industry collaboration. They emphasise the role of universities in improving the collaboration, and identify the measures that can be adopted by them to close the gap.